Sportsmans Warehouse Stock Price, News & Analysis

Sportsman's Warehouse (SPWH) has appointed Jeff Dunn as its new Chief Merchandising Officer, effective immediately. Dunn will oversee the company's merchandising, planning, and private label development strategies. With over 35 years of omni-channel merchandising experience, including 25 years at Walmart/Sam's Club, Dunn brings extensive expertise in buying, planning, replenishment, and product development across outdoor sporting categories.

CEO Paul Stone emphasized that Dunn's appointment aligns with the company's focus on enhancing customer experience and driving strategic growth through innovative merchandising. Dunn's background includes significant experience in hunting, fishing, camping, sport shooting, exercise, and team sports categories.

Sportsman's Warehouse (SPWH) reported Q3 2024 financial results with net sales of $324.3 million, down 4.8% year-over-year. The company experienced a same-store sales decrease of 5.7%, primarily due to consumer inflationary pressures affecting discretionary spending.

Gross profit margin improved to 31.8%, up 150 basis points from last year. The company reported a net loss of $0.4 million, with adjusted EBITDA of $16.4 million. Growth was noted in fishing, camping, and gift bar categories, while ammunition, apparel, and footwear saw declines.

The company adjusted its FY2024 guidance, projecting net sales between $1.18-1.20 billion and adjusted EBITDA of $23-29 million. Management aims to reduce inventory below $350 million and plans to open one new store in fiscal 2025.

Sportsman's Warehouse (Nasdaq: SPWH) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Tuesday, December 10, 2024, at 5:00 p.m. Eastern Time. The company will provide a live audio webcast of the call through their investor relations website. A replay will be available until December 17, 2024, accessible through the same platform.

Sportsman's Warehouse has launched an integrated program called 'Honoring Your Service, Supporting Your Adventures' to recognize veterans and active-duty service members. The initiative includes several benefits such as a 5% everyday military discount available online via ID.me, which doubles to 10% off from November 8th-11th. The program features special Hot Buys, an integrated web experience highlighting Veteran-Owned and American Made brands, American Flag sticker distribution, and special recognition tables for veterans. The company emphasizes this support for veterans as a core part of their values, not just a one-time initiative.

Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH) has appointed Ryan Carroll as VP Performance Marketing. Carroll will lead brand management, creative strategy, trade marketing, and integrated sales and marketing planning, reporting to Susan Sanderson, SVP Marketing, Ecommerce and Loyalty.

Carroll brings over 20 years of retail expertise in performance marketing, growth strategy, and brand-building. He has worked with notable brands such as Mercedes-Benz, Macy's, Carnival Cruise Line, Peloton, and Office Depot. His experience includes owning a growth marketing agency and leading an enterprise portfolio within the Omnicom network.

The appointment aligns with Sportsman's Warehouse's strategic reset and transformation efforts. Carroll aims to leverage his expertise to engage a broader outdoor consumer base and reinvigorate the company's brand positioning as the premier outdoor specialty retailer in the US.

Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH) reported financial results for Q2 2024, ending August 3. Net sales decreased 6.7% to $288.7 million, with same-store sales down 9.8%. The company reported a net loss of $5.9 million, or $(0.16) per diluted share. Gross profit margin declined to 31.2% from 32.6% in Q2 2023.

For the first half of 2024, net sales fell 7.6% to $533.0 million, with a net loss of $24.0 million. The company secured a $45 million term loan to strengthen its balance sheet. SPWH updated its fiscal 2024 guidance, projecting net sales between $1.13-$1.17 billion and adjusted EBITDA of $20-$35 million, citing ongoing consumer pressure and promotional activities.

Sportsman's Warehouse Holdings (Nasdaq: SPWH) has announced its upcoming second quarter 2024 earnings conference call, scheduled for Tuesday, September 3, 2024, at 5:00 p.m. Eastern Time. The company will discuss its financial results for the quarter during this call. Investors and interested parties can access the live audio webcast of the conference call through the company's investor relations website at http://investors.sportsmans.com/. For those unable to attend the live call, a replay of the webcast will be available on the same website until September 10, 2024. This announcement provides shareholders and analysts with an opportunity to gain insights into Sportsman's Warehouse's recent financial performance and future outlook.

Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH) has secured a $45 million term loan with a syndicate of premier financial institutions, strengthening its balance sheet and enhancing liquidity. This addition increases the company's total borrowing capacity to $395 million, subject to borrowing base calculations. Currently, $162.3 million is outstanding, with $124.2 million available for future borrowing. As of July 30, 2024, the company's liquidity stands at approximately $127 million.

CEO Paul Stone emphasized the company's proactive approach to managing its balance sheet and executing its reset strategy. The focus has been on managing debt, right-sizing inventory levels, and aligning operating expenses with current business trends. Pathlight, one of the financial partners, expressed confidence in the long-term trajectory of Sportsman's Warehouse and its role in serving the outdoor sporting goods market.

Sportsman's Warehouse (Nasdaq: SPWH) has appointed Susan Sanderson as the new Senior Vice President of Marketing, Ecommerce & Loyalty, effective immediately. Sanderson, with over two decades of experience in omni-channel marketing, will oversee the company's digital and traditional marketing, ecommerce, brand strategy, omni-channel experience, and loyalty programs.

CEO Paul Stone expressed excitement about Sanderson's unique expertise and extensive experience in specialty retail, which he believes will drive the company's omni-channel business forward. Sanderson's previous roles include senior positions at Party City Holding Inc., The Vitamin Shoppe, and Walgreens Boots Alliance. She aims to leverage her experience in building successful brands and driving growth to help return Sportsman's Warehouse to growth.